Companies

CNOOC Q1 revenue up 60%

(Xinhua)
Updated: 2011-04-27 17:38

BEIJING - China National Offshore Oil Company Limited (CNOOC Ltd), the nation's largest offshore oil and gas producer, announced Wednesday that its sales revenue jumped by almost 60 percent in the first three months driven by soaring output and prices.

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The unaudited revenue totaled 48.51 billion yuan ($7.46 billion ), an increase of 59.1 percent year-on-year, the company said in its quarterly report posted on its website.